Automakers are reporting their US sales numbers for March throughout Friday.
So far, most of them have missed expectations.
Analysts forecast that auto sales rose at an annualized rate of 17.3 million.
This would be down from the pace of 17.54 million recorded last month. And already, some analysts are debating over whether the pace of auto sales has peaked, following the best-ever year recorded in 2015.
According to Bloomberg, Barclays’ Brian Johnson is betting that the seasonally adjusted annual rate of sales has peaked “with an impending decline”. But this could be delayed by the availability of auto credit, and strong consumer spending.
On the bullish side, JPMorgan analysts thinks sales remained strong, and the long Easter weekend was likely a boost for the carmakers.
Here are the latest numbers:
- Nissan: +13% (+11% expected)
- Ford: +7.8% (+9.4% expected)
- GM: +0.9% (+6% expected)
- Fiat Chrysler: +8.1% (+14% expected)
- Toyota: -2.7% (+5.6% expected)